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BT Group (LON:BT.A) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

BT Group logo with Business Services background

Shares of BT Group plc (LON:BT.A - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 149.78 ($1.98) and traded as high as GBX 168.50 ($2.23). BT Group shares last traded at GBX 166.85 ($2.21), with a volume of 15,086,331 shares trading hands.

BT Group Price Performance

The business's 50 day moving average is GBX 158.71 and its two-hundred day moving average is GBX 150.42. The company has a debt-to-equity ratio of 187.58, a current ratio of 0.89 and a quick ratio of 0.83. The firm has a market capitalization of £16.45 billion, a PE ratio of 1,868.89, a P/E/G ratio of 0.38 and a beta of 0.69.

Insiders Place Their Bets

In other news, insider Alex Chisholm bought 30,000 shares of BT Group stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of GBX 141 ($1.87) per share, with a total value of £42,300 ($56,048.76). 43.86% of the stock is currently owned by company insiders.

BT Group Company Profile

(Get Free Report)

BT Group is the UK's leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries. BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business* covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers - over 650 communication providers across the UK. British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.

Further Reading

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